Bp Plc decreased its position in shares of Intuit Inc. (NASDAQ:INTU) by 13.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,000 shares of the software maker’s stock after selling 4,000 shares during the period. Bp Plc’s holdings in Intuit were worth $5,117,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. We Are One Seven LLC acquired a new position in shares of Intuit during the fourth quarter valued at about $33,000. Moody National Bank Trust Division acquired a new position in shares of Intuit during the fourth quarter valued at about $35,000. Csenge Advisory Group acquired a new position in shares of Intuit during the third quarter valued at about $54,000. Massey Quick Simon & CO. LLC raised its position in shares of Intuit by 37.5% during the fourth quarter. Massey Quick Simon & CO. LLC now owns 275 shares of the software maker’s stock valued at $54,000 after buying an additional 75 shares during the last quarter. Finally, CWM LLC raised its position in shares of Intuit by 20.0% during the fourth quarter. CWM LLC now owns 336 shares of the software maker’s stock valued at $66,000 after buying an additional 56 shares during the last quarter. 94.01% of the stock is owned by hedge funds and other institutional investors.
NASDAQ INTU opened at $228.59 on Thursday. The stock has a market capitalization of $59.42 billion, a P/E ratio of 50.46, a price-to-earnings-growth ratio of 2.62 and a beta of 1.16. Intuit Inc. has a twelve month low of $158.13 and a twelve month high of $231.84. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 18th. Investors of record on Thursday, January 10th were paid a $0.47 dividend. The ex-dividend date was Wednesday, January 9th. This represents a $1.88 dividend on an annualized basis and a yield of 0.82%. Intuit’s payout ratio is currently 41.50%.
A number of research analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Intuit to $234.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 20th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $212.00 price objective on shares of Intuit in a research report on Friday, February 1st. KeyCorp assumed coverage on shares of Intuit in a research report on Tuesday, December 18th. They set an “overweight” rating and a $250.00 price objective for the company. Zacks Investment Research lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Finally, BidaskClub lowered shares of Intuit from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Intuit has a consensus rating of “Buy” and an average price target of $225.63.
In other Intuit news, EVP Henry Tayloe Stansbury sold 3,650 shares of the company’s stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $188.94, for a total transaction of $689,631.00. Following the sale, the executive vice president now directly owns 3,383 shares of the company’s stock, valued at $639,184.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sasan K. Goodarzi sold 85,835 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $196.74, for a total transaction of $16,887,177.90. Following the sale, the executive vice president now directly owns 90,837 shares in the company, valued at $17,871,271.38. The disclosure for this sale can be found here. In the last three months, insiders sold 347,207 shares of company stock worth $68,710,900. 4.60% of the stock is currently owned by insiders.
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Intuit Inc provides financial management and compliance products and services for small businesses, consumers, self-employed, and accounting professionals in the United States, Canada, and internationally. The company's Small Business & Self-Employed segment provides QuickBooks online services and desktop software solutions comprising QuickBooks Enterprise, a hosted or server-based solution and QuickBooks Advanced, an online enterprise solution; QuickBooks Self-Employed solution; and QuickBooks Online Accountant and QuickBooks Accountant Desktop Plus solutions; payroll solutions, such as online payroll processing, direct deposit of employee paychecks, payroll reports, electronic payment of federal and state payroll taxes, and electronic filing of federal and state payroll tax forms.
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